Jim Rickards

Tyler Durden's picture

Austrian Economics Is Now Equivalent To Terrorism Thanks To Latest Islamic State "Gold Standard" Propaganda Clip





What better way to mute demands for a return to sound money and the gold standard, than by making them equivalent to jihadist terrorism? Why, there are none, which may explain the hilarious appearance of the "Islamic State's" latest 55-minutes pro gold standard YouTube clip, which is nothing but a crash course in Austrian economics.

 
GoldCore's picture

Threat Of Cyber War – “Other Reason To Own Physical Gold” – Rickards





Jim Rickards, “I think it’s always very important to own gold. I’ve recommended that investors have about 10% of their portfolio in the yellow metal.” “If I’m right and some catastrophic event is on the horizon, then that 10% would be your portfolio insurance.”

 
Tyler Durden's picture

"It Could Never Happen Here" - America Is Not Greece





Tick, tock... "it could never happen here?"

 
GoldCore's picture

China’s Stealth Gold Reserves To Quadruple as IMF Seek Answers





The People’s Bank of China may have tripled holdings of bullion since it last updated them in April 2009, to 3,510 metric tons. It is worth noting that the U.S. refuses to allow their gold reserves to be publicly audited and the Bundesbank is having difficulty repatriating much of its gold stored with the Federal Reserve. This has led many analysts to speculate that the U.S.’s gold reserves have been leased out or sold or are encumbered as part of an ongoing effort to manipulate gold prices.

 
Tyler Durden's picture

America's Looming "Great Surprise"





The built-up tensions and fragilities are begging for release. The unfortunate consequence of not allowing the process of “creative destruction” to occur in banking and Big Business is that the historic forces behind it will seek expression elsewhere in the realm of politics and governance. The desperate antics of central banks to cover up financial failure can’t help but provoke political upheaval, including war.

 
Tyler Durden's picture

Spelling Out The Big Reset





Wiping out creditors by inflation is the easy part. Re-establishing money to restart the world economy is the harder one.

 
Tyler Durden's picture

The Transparent Truthlessness Of The Fed





The transparent truthlessness of the Fed’s basic premises go far to explain the chasm between official policy and reality - though it does not explain the appetite for plain lying of the supposedly informed minority cohort of the public, the deciders among us in business, politics, and media. Within th enext few months (between "patient" removal, token rate hikes, and reversals to QE4), the Fed will be completely out of cred. This will be the biggest disaster of all, since the loss of faith in august institutions will rage through every polity in the advanced economies. Nobody will believe any longer in anything they say or do, and especially the value of the papers (or digits) they denominate as money.

 
GoldCore's picture

Currency Wars Continue As IMF Concedes End To Dollar Hegemony





Last month the Deputy Managing Director of the IMF, Japan’s Naoyuki Shinohara, openly stated that emerging markets in Asia should begin the process of de-dollarisation “to mitigate against external shocks and constraining the central bank’s ability as lender of last resort.”

 
lemetropole's picture

GATA And Martin Armstrong Have Gone At It For Nearly 17 Years!





 

 

 

A couple of days ago a Café member sent me some of the latest commentary by Martin Armstrong of Armstrong Economics, formally of Princeton Economics International. As you will read, he continues his rant against "the gold promoters," a rant that seemed more than vaguely familiar.

What an understatement!

 
Tyler Durden's picture

It Begins: IRS Launches International Data Exchange Service





Yesterday, the IRS announced the International Data Exchange Service. If you’ve not heard of it, it’s is an outgrowth of the Foreign Account Tax Compliance Act (FATCA), which requires every single bank in the world to get in bed with IRS to share information about customers. We’ve said this over and over, FATCA is probably the dumbest law in the history of the United States. And we don’t say that lightly, because there’s definitely stiff competition. Like any other bankrupt government, the US government has taken to intimidating its own citizens and the entire world in an attempt to make ends meet. But the fact is that tax revenues actually haven’t improved at all. It doesn’t take a rocket scientist to realize that the rest of the world is one day going to create its own alternative system. One that would no longer rely on the US dollar.

 
GoldCore's picture

New York Times on Benefits of Gold as Geopolitical Weapon in Currency Wars





The New York Times is the paper of Paul Krugman and the Federal Reserve and central banks. It rarely has a critical word to say about central banks and the current fiat monetary system. Conversely, it rarely has a positive word to say about gold. The article suggests a realisation that currency wars are set to intensify with gold again becoming an important monetary and geo-political asset.

 
Tyler Durden's picture

Quantitative Easing Is Like "Treating Cancer With Aspirin"





Shortly before leaving the Fed this year, Ben Bernanke rather pompously declared that Quantitative Easing "works in practice, but it doesn’t work in theory." There is, of course, no counter-factual. But to suggest credibly that QE has worked, we first have to agree on a definition of what "work" means, and on what problem QE was meant to solve. We think the QE debate should be reframed: has QE done anything to reform an economic and monetary system urgently in need of restructuring? We think the answer, self-evidently, is “No”.

 
George Washington's picture

Top Financial Experts Say World War 3 Is Coming … Unless We Stop It





Nouriel Roubini, Kyle Bass, Hugo Salinas Price, Charles Nenner, James Dines, Jim Rogers, David Stockman, Marc Faber, Jim Rickards, Paul Craig Roberts, Martin Armstrong, Larry Edelson, Gerald Celente and Others Warn of Wider War

 
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